The Goldman Sachs Group Trims Coursera (NYSE:COUR) Target Price to $7.25

Coursera (NYSE:COURGet Free Report) had its target price dropped by equities research analysts at The Goldman Sachs Group from $9.00 to $7.25 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “sell” rating on the stock. The Goldman Sachs Group’s target price indicates a potential upside of 2.55% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating and issued a $18.00 target price on shares of Coursera in a research report on Friday, July 26th. Bank of America assumed coverage on shares of Coursera in a research note on Thursday, September 19th. They set a “buy” rating and a $11.00 price target on the stock. Morgan Stanley dropped their price target on shares of Coursera from $15.00 to $10.00 and set an “overweight” rating on the stock in a research note on Friday. Needham & Company LLC dropped their price target on shares of Coursera from $15.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday. Finally, KeyCorp dropped their price target on shares of Coursera from $12.00 to $11.00 and set an “overweight” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $12.39.

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Coursera Trading Down 7.2 %

COUR stock traded down $0.55 during midday trading on Friday, reaching $7.07. The company had a trading volume of 5,579,645 shares, compared to its average volume of 2,201,033. Coursera has a 1 year low of $6.29 and a 1 year high of $21.26. The company has a market capitalization of $1.10 billion, a P/E ratio of -10.25 and a beta of 1.42. The company has a 50 day moving average of $7.83 and a two-hundred day moving average of $8.34.

Coursera (NYSE:COURGet Free Report) last released its earnings results on Thursday, October 24th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.08. Coursera had a negative net margin of 14.35% and a negative return on equity of 13.92%. The company had revenue of $176.09 million during the quarter, compared to the consensus estimate of $173.94 million. On average, sell-side analysts anticipate that Coursera will post -0.44 earnings per share for the current year.

Insider Activity at Coursera

In other Coursera news, Director Andrew Y. Ng sold 25,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $8.40, for a total value of $210,000.00. Following the sale, the director now directly owns 7,203,892 shares in the company, valued at $60,512,692.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Coursera news, Director Andrew Y. Ng sold 25,000 shares of the firm’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $8.40, for a total value of $210,000.00. Following the sale, the director now directly owns 7,203,892 shares in the company, valued at $60,512,692.80. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Andrew Y. Ng sold 6,221 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $8.03, for a total transaction of $49,954.63. Following the completion of the sale, the director now owns 7,297,671 shares in the company, valued at $58,600,298.13. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,068 shares of company stock worth $324,787. 16.30% of the stock is owned by insiders.

Hedge Funds Weigh In On Coursera

A number of hedge funds and other institutional investors have recently made changes to their positions in COUR. Assenagon Asset Management S.A. bought a new position in shares of Coursera during the 2nd quarter worth about $9,525,000. Millennium Management LLC lifted its holdings in shares of Coursera by 67.0% during the 2nd quarter. Millennium Management LLC now owns 2,800,912 shares of the company’s stock worth $20,055,000 after acquiring an additional 1,123,397 shares during the period. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Coursera by 158.6% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,653,704 shares of the company’s stock worth $23,185,000 after acquiring an additional 1,014,316 shares during the period. M&G Plc bought a new position in shares of Coursera during the 2nd quarter worth about $5,048,000. Finally, Vanguard Group Inc. lifted its holdings in shares of Coursera by 5.1% during the 4th quarter. Vanguard Group Inc. now owns 11,151,684 shares of the company’s stock worth $216,008,000 after acquiring an additional 536,890 shares during the period. 89.55% of the stock is owned by institutional investors.

About Coursera

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Coursera, Inc operates an online educational content platform in the United States, Europe, Africa, the Asia Pacific, the Middle East, and internationally. It operates in three segments: Consumer, Enterprise, and Degrees. The company offers guided projects, courses, and specializations, as well as online degrees; and certificates for entry-level professional, non-entry level professional, university, and MasterTrack.

Further Reading

Analyst Recommendations for Coursera (NYSE:COUR)

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